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HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore

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mortgage lender hdfc has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for 899.43 crore. Post the completion of the aforesaid sale of shares, Gruh would cease to be a subsidiary of the Corporation. Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance.

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The Gruh finance stake sale earned HDFC Rs 899.43 crore. "Post the completion of the aforesaid sale of shares, Gruh Finance would cease to be a subsidiary of the corporation," HDFC said in the filing.

HDFC sells another 4.22% stake in Gruh Finance for Rs 899 crore The sale was carried out through stock exchanges at the prevailing market price. The average price was at Rs 290.14 per equity share.

NEW DELHI, June 14: Mortgage lender HDFC Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore. The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital.

HDFC sells further 4.22% stake in Gruh for Rs. 899 crore. (Current Affairs and GK Questions of 20 th June 2019 ) Mortgage lender HDFC said it has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs. 899.43 crore.

HDFC sells further 4.22% stake in Gruh for Rs 899 crore The average price was Rs 290.14 equity share, HDFC said in a regulatory filing.

HDFC sells another 4.22% stake in Gruh Finance for Rs 899 crore The sale was carried out through stock exchanges at the prevailing market price. The average price was at Rs 290.14 per equity share.

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